Ramco Cements Ltd Set to Boost Production and Embrace New Horizons
The Ramco Cements Ltd aims to increase its production to 30 million tonnes by 2026 with a Rs 1,000 crore investment. The launch of the 'Hard Worker' brand in the construction chemicals sector is expected to significantly boost revenue, expanding the company's footprint across India.
- Country:
- India
Ramco Cements Ltd is poised to expand its production capacity to 30 million tonnes by 2026, following an investment of Rs 1,000 crore, a senior executive confirmed on Tuesday.
The company currently manages 11 cement plants throughout India, with a production capacity of 24.44 MTPA. In a press briefing, CEO A V Dharmakrishnan noted the significant expansion from a modest 200 TPD unit since 1957, making it the 5th largest producer in the Indian cement industry.
Ramco Cements plans to amplify its presence in the construction chemicals market with the introduction of 'Hard Worker', a division brand. This brand features a range of 20 specialized products aimed at the evolving needs of India's construction industry. The company anticipates significant revenue growth, expecting the division to achieve Rs 2,000 crore within the next five years.
(With inputs from agencies.)
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